Enjoy Bend Life Real Estate | Stellar Realty

Redmond, OR 97756

Single-Family Homes

Reed Melton | www.EnjoyBendLife.com | 541-408-6625 | Reed@EnjoyBendLife.com



Redmond, OR 97756

Sun Aug 01 2021
This week the median list price for Redmond, OR 97756 is $599,000 with the market action index hovering around 75. This is less than last month's market action index of 83. Inventory has increased to 106. Click here to stay informed with the Redmond market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Redmond, OR 97756

Sun Aug 01 2021
This week the median list price for Redmond, OR 97756 is $599,000 with the market action index hovering around 75. This is less than last month's market action index of 83. Inventory has increased to 106. Click here to stay informed with the Redmond market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Redmond market.
Median List Price $599,000
Median Price of New Listings $452,000
Per Square Foot $311
Average Days on Market 39
Median Days on Market 14
Price Decreased 30%
Price Increased 3%
Relisted 2%
Inventory 106
Median Rent $1,975
Market Action 75
Strong Seller's Market

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,049,500 2,750 2.5 - 5 acres 3 2 23 1 2 52
$699,900 2,335 0.25 - 0.5 acre 3 2 15 3 8 14
$539,950 2,010 6,500 - 8,000 sqft 3 2 16 7 5 14
$409,000 1,372 4,500 - 6,500 sqft 3 2 21 13 11 14